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Aave fights to unfreeze $71 million amid Kelp DAO hack court battle
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A federal case is unfolding over $71 million in frozen cryptocurrency following the Kelp DAO exploit, as Aave seeks to release the funds for DeFi recovery. Victims of decades-old North Korean terrorist acts have filed a restraining notice against Arbitrum DAO, claiming the 30,765 ETH as DPRK-linked property. The dispute pits recent hack victims against long-standing terrorism judgment holders.
A federal judge in New York has permitted Arbitrum DAO to move $71 million in frozen ether to Aave. The order preserves the legal claims of terrorism victims against the funds tied to a North Korea-linked hack.